Directorate General of Commercial Intelligence and Statistics Revises Base Year of Merchandise Trade Indices to FY 2022–23 to Reflect Current Trade Structure and Global Patterns

• DGCI&S (Directorate General of Commercial Intelligence and Statistics), under the Ministry of Commerce & Industry, has updated the base year of India's Merchandise Trade Indices from FY 2012–13 to FY 2022–23 (=100).
• These indices track unit-value (price) movements of India's exports and imports and feed GDP compilation, RBI's BoP/external-sector analysis, and terms-of-trade assessment.
• Relevant for UPSC under GS-III (Indian Economy — external sector, statistics) as a recurring statistical-revision theme along with CPI/WPI/IIP rebasing.